Banking industry
The Province of Nova Scotia has issued a news release announcing its support for the Royal Bank of Canada's (RBC) growth in the province with a new payroll rebate agreement. This agreement aims to attract up to 1,000 new jobs over six years, continuing RBC's
Banking industry
JPMorgan Chase & Co., a leading global bank, released the results of its company-run 2024 Dodd-Frank Act Stress Test (DFAST) on June 28, 2024. According to the report, the stress test results are being furnished pursuant to Item 7.01 of the Securities Exchange Act of 1934. The information contained
Banking industry
Texas Capital Bancshares, Inc. has appointed Brett Fenn as Managing Director and Head of Business Banking, effective immediately. Based in Houston, Fenn will lead a team of bankers across five cities within the state, focusing on cultivating strong client relationships and driving the company's growth. Fenn will report
Banking industry
Texas Capital Bancshares, Inc. has appointed Brett Fenn as Managing Director and Head of Business Banking, effective immediately. Fenn will lead a team of bankers across five cities in Texas, focusing on cultivating strong client relationships and driving business growth. He will report directly to Jay Clingman, Managing Director and
Banking industry
Bright Health Group, Inc., a technology-enabled, value-driven healthcare company, has successfully completed the sale of its California Medicare Advantage business, Brand New Day and Central Health Plan, to Molina Healthcare, Inc. Effective January 1, 2024, the sale has enabled Bright Health to eliminate its secured debt and provide a solid
Banking industry
The World Bank (International Bank for Reconstruction and Development, IBRD) has successfully issued its first benchmark bond of 2024, totaling AUD 2 billion, with a 5-year tenure and a semi-annual coupon rate of 4.30%. This transaction is a testament to the World Bank's strong credit quality and
Banking industry
The Mumbai Police crime branch arrested three persons from Vadodara in connection with a case where the Reserve Bank of India (RBI) received an email threatening to plant 11 bombs in 11 places. The email, sent from a fake Gmail account, demanded the resignation of Finance Minister Nirmala Sitharaman and
Banking industry
A chilling email warning of planted bombs in key financial institutions has sent shockwaves across India, leaving authorities scrambling to investigate and secure the premises. The threat, which specifically targets the Reserve Bank of India (RBI), HDFC bank, and ICICI bank, demands the resignation of RBI Governor Shaktikanta Das and
Banking industry
India's state-owned banks are continuing to lose ground to private sector rivals in the loan and deposit markets, with the share of public sector banks in deposits and loans shrinking significantly over the past year. According to data from the Reserve Bank of India (RBI), the share of
Banking industry
India's state-owned banks are continuing to lose market share in loans to private rivals, with data from the Reserve Bank of India (RBI) showing a decline in market share in both deposits and loans. The share of public sector banks in deposits shrunk by 119 basis points (bps)
Banking industry
Consumer food price inflation surged to a three-month high of 8.7% in November 2023, driven by firming prices of vegetables, cereals, and pulses. This is a significant increase from the previous month's rate of 6.6% and a year-over-year increase from 4.6% in November 2022. The
Banking industry
India's Consumer Price Index (CPI)-based inflation rose to a three-month high of 5.55% in November, driven by a spike in prices of onion and a broad-based rise in food inflation. The Reserve Bank of India (RBI) had anticipated an increase in prices of key vegetables, which
